Nonlinear model predictive control (MPC) with a general objective known as economic MPC (EMPC) has received significant attention in recent years [1]}, [2]}, [3]}. The objective function in an EMPC generally reflects some economic performance criterion such as profit maximization or heat minimization. This is in contrast with the tracking MPC where the objective is a positive definite quadratic function. The integration of process economics directly in the control layer makes EMPC of interest in many areas especially in the process industry. There has been a significant number of applications of EMPC [4]}, [5]}, [6]}, [7]}. To address stability and computational issues of EMPC, different formulations of EMPC has been proposed [8]}, [2]}, [3]}, [11]}.
